business πΈ US planning new fees for H-1B, L-1 renewals
The US administration is planning to expand visa fees to cover H-1B and L-1 renewals instead of just new petitions. This change could drastically raise costs for companies retaining foreign staff, heavily impacting Indian professionals. The proposal, first published in June 2024, targets employers with 50+ staff where half hold H-1B or L-1 status. In FY2025, Indians made up 77.6% of the 291,542 continuing H-1B employment approvals. If finalized, the rule aims to generate an extra $157.3 million annually.